In the south west of India, there is a picturesque and fast developing industrial and commercial town Kochi.
The word ‘Kochi’ means ‘little harbor’ in Malayalam which is the national language despite many people speaking English.
Kochi or Cochin was the first colonial city in India where the first European settlement appeared in 1500.
The town is rather small, and many people know each other in person, so you have to be choosy for words and clothes not to offend the interests and religion of the locals.
The prices in Kochi are generally lower than in the rest of the cities of the Kerala state.
In Kochi, you can join the traditional food mainstream which is the food rich in spices, seafood, and coconuts.
Since this is a travel destination, a lot of different cuisines offer their meals to the tourists and citizens.
The meals in the restaurants are very cheap.
The city takes first place in the world by the least expensive dishes in the inexpensive restaurants.
The most expensive products in the local markets are local cheese and wine.
The cheapest are bread, onion, potato, and lettuce.
The cheapest drink in Kochi is water, and imported beer is $1.76 per 330 ml.
The city street markets offer an amazing variety of products at low prices.
Kochi International Airport operates both domestic and international flights.
To get to the city center, you can call a taxi, take a bus or a rickshaw.
As long as Kochi is the port city, it offers traveling by boat with some regular tours to the Lakka Diva islands.
The monthly pass is only $4.28, and gasoline for alls the car owners is $1.10 per liter.
The mobile operators have fixed the price for mobile connection throughout the state at $0.01 per minute.
In order to reach favorite social media, or browse any websites, the locals spend $13.67 monthly for the Internet with unlimited data.
Water, electricity and other home comforts cost $25.35.
SPORTS & LEISURE
If you are looking for the fitness clubs in your area, you should keep in mind that the average price for a monthly subscription is $12.93.
In comparison, an hour of playing tennis at a special court on the weekend is $8.71 per hour.
The international release in the cinema is $2.29 per seat.
CLOTHING & SHOES
Kochi holds an annual shopping festival Grand Kerala for 45 days.
There you can get great gifts, discounts, sales and more.
The prices in Kochi are much lower than the European ones, although the prices for clothes and shoes are much lower than in the other Indian states too.
RENT PER MONTH
Monthly rent is rather high if you live in Kochi and do not earn much.
You will have to pay $303.48 for a three-bedroom apartment in the city center, and from $100 to $150 per month for a one-bedroom apartment.
The prices for rented property empty the citizens’ wallets that is why many choose the less furnished or unfurnished apartments outside the city center.
In case you are ready to buy an apartment for cash or with a credit card, you have to be a part of the Indian community for at least half a year.
An average single person in Kochi spends $269.17 per month without rent.
Cost of Living Averages Table for Kochi
|Average Restaurant Prices|
|Meal (Inexpensive Restaurant)||$1.00|
|Domestic Beer (0.5 Liter)||$1.29|
|Water (0.33 Liter)||$0.20|
|Average Market Prices|
|Milk (1 Liter)||$0.61|
|Loaf Bread (500g)||$0.47|
|Average Transport Prices|
|One Way Ticket||$0.14|
|Average Utilities Prices|
|Basic (Water, Electricity, Garbage, Heating, Cooling)||$25.35|
|1 min. of Prepaid Mobile Tariff Local||$0.01|
|Internet (Unlimited Data, Cable/ADSL)||$13.67|
|Average Leisure Prices|
|Fitness Club, Monthly Fee for 1 Adult||$12.93|
|Tennis Court Rent (1 Hour)||$8.71|
|Cinema, 1 Seat, International Release||$2.29|
|Average Clothing Prices|
|1 Pair of Jeans (Levis 501 Or Comparable)||$31.55|
|1 Summer Dress in a Chain Store (Zara, etc...)||$22.93|
|1 Pair of Adidas Walking Shoes (Mid-Range)||$45.90|
|Average Rent Prices|
|Apartment (1 bedroom) in City Center||$148.01|
|Apartment (1 bedroom) Outside of Center||$103.90|
|Apartment (3 bedrooms) in City Center||$303.48|
How Does the Average Person Spend Their Money in Kochi?
An average person spends only 4.4% on clothing and shoes.
Instead, they pay the largest portion of the money for markets.
As much as 42.1% of the average salary that a Kochi citizen earns, goes to the products and beverages in the markets.
Another large item of expenditure is property rental.
The third place in the charts belongs to transportation (15.5%).
The rest of the money is divided between the restaurants which are numerous in the region, as well as recreational areas, and cinema.
According to the polls, the utility bills take 4.1% of the income.
Kochi: Average Salary, Minimum Wage & Mortgages
In Kochi, an average monthly net salary is $418.77 per employee.
The highest paid jobs in Kochi are senior software engineers, operations managers, HRs, testers, and sales managers.
The lowest possible sum of money that a company or an independent employer might pay to its workers is $54.5 per month.
The mortgage interest rate is 9.51% per annum for 20 years.
The expenses for the purchased property, private cars, and educational establishments are not mentioned here.
Cost of Living by City in India
*Click the name of the city for more information.